While Utah’s overall median home value remained affordable at $209,300, Southern Utah’s median sales price for a single-family residential unit increased on a year-over-year basis to $227,750. Representing a 7.99% increase from 2014’s $210,900 median sales price – as indicated by the local MLS statistics.

St. George, Utah – its Wednesday, May 6, 2015, and the Southern Utah Home Price Index (SUHPI) for April was flat (0.00%) from the same time period last year, according to the WCBR (Washington County Board of Realtors) MLS system.

Washington County’s housing affordability remains steady: While the great State of Utah’s overall median home value remained affordable at $208,900, Southern Utah’s median sales price for a single-family residential unit in Washington County remained at $215,000; representing a 0.00% increase from April 2014’s median sales price – per the WCBR (Washington County Board Of Realtors) MLS statistics.

Utah’s Mortgage Delinquencies Decline: The Washington County real estate market has continued to show resiliency and is projected to increase by 2.6% over the next 12 months. Another indicator that points to additional signs of the markets overall health for the SUHPI compares and contrasts the national average for Mortgage delinquency. Currently, the projected national average for mortgage delinquency is 2.51%. Meanwhile the mortgage delinquency rate in the Beehive State has declined to 2.7%.

St. George, Utah – its Wednesday, April 1, 2015, and the Southern Utah Home Price Index(SUHPI) for March increased by 4.42% from the same time last year, according to the WCBR (Washington County Board of Realtors) MLS system.

Washington County’s housing affordabilityremains steady: While the great State of Utah’s overall median home value remained affordable at $209,100, Southern Utah’s median sales price for a single-family residential unit increased on a year-over-year basis to $215,000. Representing a 4.42% increase from 2014’s $205,900 median sales price – as indicated by the local MLS statistics.

Utah’s Mortgage Delinquencies Decline: The overall health of Southern Utah’s real estate market has continued to show resiliency and is projected to increase by 3.4% over the next 12 months. Another indicator that points to additional signs of the markets overall health for the SUHPI compares and contrasts the national average for Mortgage delinquency. Currently the national average for mortgage delinquency is 6.3%. Meanwhile the mortgage delinquency rate in the Beehive State has declined to 2.7%.

As Southern Utah’s distressed inventory continues to decline, the average homebuyer is forced to search the southern Utah MLS listing inventory – which currently has an absorption rate of 6.23 months of inventory for all of Washington County.

St. George, Utah – its Monday, March 2, 2015, and the Southern Utah Home Price Index (SUHPI) has decreased by 6.48% from this time last year, according to the Washington County Board of Realtors MLS data.

Southern Utah’s Housing Affordability Is Up: While the great State of Utah’s overall median home value remained affordable at $208,600, Southern Utah’s median sales price for a single-family residential unit declined on a year-over-year basis to $212,990. Representing a 6.48% decrease from 2014’s $227,750 median sales price – as indicated by the local MLS statistics.

Utah’s Mortgage Delinquencies Decline: The overall health of Southern Utah’s real estate market has continued to show resiliency and is projected to increase by 2.9% over the next 12 months. Another indicator that points to additional signs of the markets overall health for the SUHPI compares and contrasts the national average for Mortgage delinquency. Currently the national average for mortgage delinquency is 6.4%. Meanwhile the mortgage delinquency rate in the Beehive State has declined to 2.8%. This is Good stuff! As Southern Utah’s distressed inventory continues to decline throughout the state, investors will then return to the normal MLS listings – which currently has an absorption rate of 5.42 months of inventory for Washington County.